"The Japanese Yen has enjoyed a sharp bout of buying pressure this morning, as traders react to commentary from the Finance Minister who claimed she has a "free hand" in addressing the excessive currency volatility. Coming as USDJPY approached 158, we are trading at levels that have previously seen the government intervene in a bid to stem selling pressure for the yen."
"Coming off the back of a period of strength that has seen the DAX gain 4% in a month, European stock markets appear to have entered a period of consolidation as we head into the final trading days of 2025. Nonetheless with the Santa rally period traditionally taking place over the final five days of the year investors will be hoping that the bulls are gathering momentum for a final push tomorrow onwards."
European markets opened mixed with the Ibex and CAC posting losses while the FTSE 100 and DAX showed tentative gains, reflecting consolidation after the DAX's 4% monthly rise. Investors look toward the traditional Santa rally over the final five trading days for potential upside. European economic releases are light, so attention turns to US data including the second-quarter GDP revision, core durable goods, and consumer confidence. The Japanese yen strengthened after the Finance Minister said she has a "free hand" to address excessive volatility as USDJPY approached 158, with record-high 10-year yields and fiscal concerns weighing on yen sentiment.
Read at London Business News | Londonlovesbusiness.com
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